The revolution continues
October 16th, 2008
[First issue of TV Guide from April 1953; Desi Arnaz, Jr. is the cover boy.]
Some P.I. Blog readers tell me they still can’t see the revolution that I’ve been writing about here. Okay, maybe this will help make it a bit clearer:
Rupert Murdoch paid $3 billion for TV Guide back in 1988. But things have changed: Macrovision has sold the magazine to OpenGate Capital for one dollar. That’s one American dollar, folks. Macrovision also threw in a $9.5 million, low-interest loan. It is, however, keeping the online TVG franchise.
Please take a moment to consider this development. The venerable TV Guide franchise, which has been around since 1953, has lost $2,999,999,999 in value in the last 20 years. And, actually, it’s more when you consider the nearly $10 million loan the previous owner is giving to the new one.
Revolution means that nothing lasts forever. I hope I’ve made it more clear. Let me know.
(Hat tip: Stephen Abram)
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Entry Filed under: Principled Innovation Blog, What's New?, Social Media, Innovation, Associations, Extreme Makeover, The Association Innovator, Simplicity, We Have Always Done It That Way, Garage Memes, Governing for Innovation, Embrace the Revolution
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